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1. To grant the use or occupation of an entire building or premises under the terms of a lease. In this usage, a noun or pronoun can be used between "lease" and "up." An investment group bought the entire property, kicked out the previous tenants, and leased it up at much higher rates to foreign businesses. They managed to lease up the house after it had been on the market for less than a month.
2. To be granted use or occupation under the terms of a lease. How long do you think it will take for the house to lease up in the current market conditions?
1. To rent a property from the person or company to whom one sold it. The only way we could avoid losing our home was to sell it to the bank and then lease it back again.
2. To rent a property to the person or company from whom one bought it. The government is offering to buy up properties from people with vastly inflated mortgages and lease them back to them for much lower monthly amounts.
lease (something) from (someone or something)
To rent a property from some person, group, or company. We're actually leasing the space directly from the government, who gave us a great discount on our monthly payments. I'm leasing the office from my father-in-law while I get my business set up.
See also: lease
lease (something) to (someone or something)
To rent a property to some person, group, or company. We actually lease the land to the oil companies while the dig for oil, and we get a percentage of the profit should they find anything. I'm leasing the office to my son-in-law while he gets his business set up.
See also: lease
lease something back
to sell something, then rent it from the buyer. We sold the building to a real estate firm and then leased it back. There was some tax saving involved. We leased back the building.
1. To fully lease some building: The housing agency leased up the new apartment building in record time. After the new building had been on the market for only one week, the real estate agent had leased it up. The retail spaces were leased up before construction even started.
2. To become fully leased: The new office building leased up in less than a week.